according to my previous weekly analysis for ethereum it rised up to resistance area and
as I said, it was facing two downward trendlines. Which in the last week was able break out the first one and after a nice tiny pullback on it then overcame the strong pivot zone and also reached the 2nd descending trendline , but faced resistance and fell at the same time with bitcoin . so now it can correct again on pivot zone witch is also now a strong support area , and then after little rest and by shaping any continuation pattern, whether flag or tringle pattern it can start a rally by breaking this current trendline and rise to next resistance zone about $4k in this case.
but also there is a possibility of decline if it loses the pivot zone in a cheap scenario and can decline to support zone again !
🛑resistance level: $3.96 k- $4.124k /// descending trendline
🆚pivot zone: $3.061 k- $3.180k
❇️support levels: $2.67k - $2.55k/pivot zone
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💙if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
as I said, it was facing two downward trendlines. Which in the last week was able break out the first one and after a nice tiny pullback on it then overcame the strong pivot zone and also reached the 2nd descending trendline , but faced resistance and fell at the same time with bitcoin . so now it can correct again on pivot zone witch is also now a strong support area , and then after little rest and by shaping any continuation pattern, whether flag or tringle pattern it can start a rally by breaking this current trendline and rise to next resistance zone about $4k in this case.
but also there is a possibility of decline if it loses the pivot zone in a cheap scenario and can decline to support zone again !
🛑resistance level: $3.96 k- $4.124k /// descending trendline
🆚pivot zone: $3.061 k- $3.180k
❇️support levels: $2.67k - $2.55k/pivot zone
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💙if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
